28 March, 2016
Here are the most important market events on the economic calendar this week, which will have a significant effect on the financial markets.
Fed Chair Yellen’s Speech
The Chairwoman of the Federal Reserve Ms. Janet Yellen is scheduled to give a speech regarding the central bank’s monetary policy and the US economic outlook. The speech will be held on Tuesday at the Economic Club of New York at 11:30 AM ET.
Eurozone’s Flash Inflation Figures for March
The eurozone will post flash March inflation figures on Thursday at 5:00 AM ET. The consensus estimate is that the report will indicate that there is a 0.1 percent drop in consumer prices, in comparison to a decline of 0.2 percent in the month of February. Meanwhile, it is predicted that core prices will edge up by 0.9 percent, climbing from a 0.8 percent rally.
US Non-Farm Payrolls Data
The Labor Department of the United States is due to report non-farm payrolls data for March on Friday at 8:30 AM ET. The consensus estimate is that the numbers will indicate jobs growth of 205,000 during the previous month, after a 242,000 increase in the month of February. Meanwhile, it is expected that the unemployment rate will remain steady at 4.9 percent, while the average hourly earnings are forecasted to surge 0.2 percent, after plunging 0.1 percent last month.
China Manufacturing PMIs
On Thursday, the China Federation of Logistics and Purchasing is set to report manufacturing sector activity data for March at 9:00 PM ET. This report is followed by the Caixin manufacturing index at 9:45 PM ET.
It is anticipated that the official manufacturing purchasing managers’ index will rise by 0.3 points to hit 49.3, while the Caixin index is forecasted to inch higher from 48.0 to 48.3.
US ISM manufacturing PMI Data
On Friday, the US Institute of Supply Management is scheduled to report data on manufacturing activity for March at 10:00 AM ET. The measure is predicted to climb 1.5 points to reach 51.0, signaling expansion in 4 months.
Shares in the United States mixed as the market waited for the outcome of the U.S. economic data and as the Fed officials were set to release their statement after the report...
According to reports, Cook plans to introduce the accelerator program for iOS developers and to make known the development center for digital maps in Hyderabad. The CEO also said that he was encouraged by the results that the company is beginning to see there (India) and believe there is a lot lot more...
Amazon took another step in expanding its market influence as it opened doors in the European Union countries. Francois Saugier, Amazon director of European seller services, expressed his excitement towards the new business venture of the e-commerce juggernaut in Europe...
Europes finance ministers assembled in Amsterdam on Friday known as the Eurogroup meeting to discuss the improvement for the review of an economic adjustment program of Greece, which the Hellenic Republic obliged to pass in order to receive the following tranche of the loan...
The Aussie and New Zealand dollars inched lower against the greenback on Wednesday, as the prices of oil retreated after the Kuwaiti oil workers strike ended...
The International Monetary Fund (IMF) wants the European partners of Greece to grant Athens relief on its debt, which it perceives to be highly unsustainable...
On Friday, stocks and bond yields recoil as oil prices strengthens, but remained on the trail in trimming over the course of a marking and volatile week that has been witnessed by the increasing Japanese yen against the dollar...
The greenback traded higher against a basket of currencies as the market remained watchful on the outcome of the Federal Reserve’s march Policy meeting happening today and as economic growth ached the euro zone...
Gold futures extended rallies from the previous session in European trading hours on Wednesday, edging up to a 1-week high as market players lowered their expectations on the pace of interest rate hikes this year...